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Dec 13, 2012
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we're small business owners. how will the fiscal cliff hurt us. >> this is a big answer. i don't know your specific situation, but the bottom line is it will probably affect small businesses in a couple ways. first of all, they tend to deduct things and run their taxes many ways through their personal income. you may fall into the alternative minimum tax and the bad thing about that is that you can't deduct things. the department of revenue says we'll go from 4 million people who file under amt, that will explode. the other thing is there will be fewer deductions quite possibly. one of the advantages is you can deduct lots of things. many of those will change. you'll have to speak to your accountant about the specifics, but it will probably have an effect on you if you're a small business. if you're swlf employed, especially more things that will affect you because the things you pay like medicare iks payroll tax deduction, those will fall to you. make sure you get it right. if you're a major corporation, you have a team accountants figuring this out. >> i'm only going to
we're small business owners. how will the fiscal cliff hurt us. >> this is a big answer. i don't know your specific situation, but the bottom line is it will probably affect small businesses in a couple ways. first of all, they tend to deduct things and run their taxes many ways through their personal income. you may fall into the alternative minimum tax and the bad thing about that is that you can't deduct things. the department of revenue says we'll go from 4 million people who file...
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Dec 13, 2012
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just wrote this letter to congress pushing for the gop fiscal cliff. they say they are willing to swallow higher tax rates and they were warn them, there is a crate call meeting and the unemployment rate could suffer. they are asking them to compromise what taxpayers are saying in my next update, carla campbell, ktvu channel 2 morning news. >>> we are learning new information about the plane crash killing jenny rivera. their learjet went down in northern new mexico . according to the los angeles times, an executive is accused of faking safety records of the planes he bought and rivera was in the final stables of buying. the. >>> the driver said his car got stuck on the train tracks. they were heading to sacramento and was not going very fast at the time of the clicks. fortunately nobody was hurt. >>> time now 6:16, ordering online may seem like an easy way to shop but a lot of people are not getting their park ands. because criminals are stealing them. >>> the 70s monumental highlights, the civil war directed by steven spielberg and it is in the lead w
just wrote this letter to congress pushing for the gop fiscal cliff. they say they are willing to swallow higher tax rates and they were warn them, there is a crate call meeting and the unemployment rate could suffer. they are asking them to compromise what taxpayers are saying in my next update, carla campbell, ktvu channel 2 morning news. >>> we are learning new information about the plane crash killing jenny rivera. their learjet went down in northern new mexico . according to the...
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whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare of the contractor. the customer listed her complaints and said the jewelry was missing from her house. does this warrant a lawsuit? tamra holder says yes. rebekah arose what lynn says the contractor doesn't have a case. >> you know what, there is no lawsuit for defamation. he is suing her and the responses -- it is true. it's not defamation when it's true. charles: that sounds pretty cut and dry. >> if you ask about her answer, i respectfully disagree. she has accused him of committing a crime. stealing jewelry from her home. where does the investigation? where are the
whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every single american in the wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. charles: let me be brief, she posted on yelp. now, she need legal help her in being sued for $750,000 for posting this, do not put yourself through this nightmare...
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Nov 20, 2012
11/12
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. >> we're not talking about the fiscal cliff. we're talking about "twilight's" weekend box office. and the bay area played a role. let's bring in our business and tech reporter scott budman with a story you'll see only on nbc bay area. >> hollywood loves "twilight," largely because it brings in such big money. but hollywood movies, especially those heavy on special effects are almost never made without a boost from bay area technology. and the final "twilight" is no exception. >> after 18 years of being utterly ordinary, i finally felt i could shine. >> reporter: all those millions of "twilight" fans make for big box office. but if you want to know who made the werewolves you have to come here to berkeley and tippett studio. not the biggest effects house, but now among the most respected. >> they will show up on the screen and the audience started clapping and stuff like that. we realized hey, this is the studio that did these movies. >> reporter: and these are the men and women who created the wolves. sanjay das is tippett's chief technology officer. he oversaw a huge jump in tech
. >> we're not talking about the fiscal cliff. we're talking about "twilight's" weekend box office. and the bay area played a role. let's bring in our business and tech reporter scott budman with a story you'll see only on nbc bay area. >> hollywood loves "twilight," largely because it brings in such big money. but hollywood movies, especially those heavy on special effects are almost never made without a boost from bay area technology. and the final...
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whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, urses, hospitals, pharmacists and other health professionals who helped us achieve the highest avege star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we'
whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurtsvery single american inhe wrong way. thanks so much. you know about a bad business? you might think twice about giving it a bad review. next, a woman's review on yelp strikes online criticism. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and...
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Dec 6, 2012
12/12
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CNBC
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cliff, how many businesses in this room will reduce capital investment? remember, i just said -- and it's very demonstrable that capital investment is what drives gdp growth rate and job creation. that tells a story right there. if we go across the fiscal cliff, we will have an economic contraction or slow down at best. >> how are things looking right now ahead of the holidays? i'm sure your company is real busy, fedexing gifts. what are your expectations for this holiday season? >> well, you know, the 300,000 wonderful teammates of fedex are working very hard. we publicly forecast a couple weeks ago that on the 10th we would move 19 million shipments through our network. that's up about 11% year over year. e-commerce is causing a significant amount of growth. retail sales are going to be up some place in the 3.5% and 4%. we think absent going over the cliff and absent tax reform, u.s. gdp around 2% next year. worldwide, about 2.5%. >> real quick, we have to ask you your plans. you had said at some point you would leave the ceo role as soon as 2013. is th
cliff, how many businesses in this room will reduce capital investment? remember, i just said -- and it's very demonstrable that capital investment is what drives gdp growth rate and job creation. that tells a story right there. if we go across the fiscal cliff, we will have an economic contraction or slow down at best. >> how are things looking right now ahead of the holidays? i'm sure your company is real busy, fedexing gifts. what are your expectations for this holiday season? >>...
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Nov 30, 2012
11/12
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CNBC
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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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Dec 5, 2012
12/12
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. >> but it's got to be a little bit more than just this advertising, fiscal cliff. what about the business model? look at the competition. these other places that folks can go to listen to music. i mean, what about all of that impacting? we're down 20%. that is huge. >> you know what? that is a big move. stocks don't normally lose 20% in a day. generally speaking, when i see a stock go down 20% in a day, because we like to buy low and sell high, we tend to buy those kind of situations, especially when companies have a clean balance sheet, no debt. no now, in regards to competition, this is a company that expanded its market share. at the end of the day, this is a business model that does have competition. spotify is the record store, if you will, of the internet as well as itunes. apple is the radio, the z-100 of the internet. you don't really see z-100 competing with record stores. therefore, pandora and spotify and itunes are the business model. >> but does pandora have a jingle ball like z-100, rich? i think not. but they do have lots of choices in music. >> joe
. >> but it's got to be a little bit more than just this advertising, fiscal cliff. what about the business model? look at the competition. these other places that folks can go to listen to music. i mean, what about all of that impacting? we're down 20%. that is huge. >> you know what? that is a big move. stocks don't normally lose 20% in a day. generally speaking, when i see a stock go down 20% in a day, because we like to buy low and sell high, we tend to buy those kind of...
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Nov 14, 2012
11/12
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CNN
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it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say look, we're going to go with the mandate the president has. >> all right, we'll see. thanks so much. >> thank you. >> we'll bring you the president's news conference later this afternoon. 1:30 eastern time we think, so tune in to cnn for special coverage with wolf blitzer. that begins at 1:00 eastern. [ female announcer ] introducing yoplait greek 100. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so
it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say...
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Dec 7, 2012
12/12
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the impact that the fiscal cliff could have on the economy will go up across the board. >> as we get closer and closer to the end of the year i think the uneasiness will continue and the worry we might not see a resolution is going to effect our market. >> it has an impact or hiring as well. physical we go over the cliff the long-term benefits will in fact expire at the end of the year. as the president visited a family in virginia to talk about tax hikes on the wealthy there were few talks on if is clal cliff talks. >> i am not going to sign any package that somehow prevents the top rates from going up for folks at the top two percent. >> this isn't about getting a handle on debt for him it's about spending more than he already has. >> as far as the unp employment numbers are concerned today there is little doubt that super storm sandy had an impact on those. the expectation is that it dissipated a great degree. back to you guys. >>> doug luzader in washington, thank you. >> it is time to look at who is talking. we are hearing from bill o'reilly today. he is talking about the curren
the impact that the fiscal cliff could have on the economy will go up across the board. >> as we get closer and closer to the end of the year i think the uneasiness will continue and the worry we might not see a resolution is going to effect our market. >> it has an impact or hiring as well. physical we go over the cliff the long-term benefits will in fact expire at the end of the year. as the president visited a family in virginia to talk about tax hikes on the wealthy there were...
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Dec 5, 2012
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by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b end deductions and loopholes but obama says that will not get the job done. >> it is not possible to raise the amount of revenue required for a balance the package if all you rely on is closing deductions and loopholes. let me amend that. it is possible
by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the...
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i am sure people are anxious about the fiscal cliff. should they be as worried? are we overplaying it in the media? >> time will tell. i will say that mainstream does not seem to be as focus on this as wall street or businesses are. the answer to how big an impact is somewhere in between the perceived whistling past the graveyard the consumers are doing and the obsession we all have with wall street and probably is a reality. but i think what tends to boost consumers''s psyche, their incomes would be things like gains in housing, falling castling prices, the recovery starting post hurricanes and the. those come in to play and we have both stocks and houses, the biggest the components of net worth generally moving in the right direction. that, i think, is causing the confidence among consumers and we, wall street, the media, have been -- tired of talking about -- [talking over each other] liz: great job. thank you. one of the last things you said was one of the most important. the two things that are the biggest network for people, stocks and housing, the home tha
i am sure people are anxious about the fiscal cliff. should they be as worried? are we overplaying it in the media? >> time will tell. i will say that mainstream does not seem to be as focus on this as wall street or businesses are. the answer to how big an impact is somewhere in between the perceived whistling past the graveyard the consumers are doing and the obsession we all have with wall street and probably is a reality. but i think what tends to boost consumers''s psyche, their...
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Dec 7, 2012
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as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about controversial comedian katt williams. he has more legal problems after announcing he has unreported. an arrest warrant has been issued for katt williams. chp claims williams almost ran down five people when he drove his motorcycle on to a sidewalk. katt williams also failed to show up at an arraignment in seattle to face charges he hit a man with microphone and threw chairs at fans. despite all the controversy williams managers say he's not retiring and will continue with his nation-wide tour. >>> police in mill valley have arrested a manager of an assisted living facility on suspicion of fraud, identity theft, and f
as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about...
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Dec 13, 2012
12/12
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fed chairman ben bernanke says just the threat of the fiscal cliff is dragging down the economy. >> it's already affecting business investment and hiring decisions by creating uncertainty. >> that's unwelcome news for hundreds who lined up at a job fair in new york on wednesday. >> basically i'm looking for anything that pays american dollars. >> ben bernanke says 2013 will bring more jobs and better economic growth but only if congress strikes a deal. now, even if they do strike a deal, some here say the delays have jeopardized the chances of this becoming legislation and passing both houses of congress in time, and there's a question whether speaker boehner will even have enough republican votes to pass any deal they might come, to terrell. >> susan mcginnis in washington this morning. thank you, susan. >>> ben bernanke also had big news for investors. the feds taking unprecedented action in keeping interest rates at their record-low levels. erica ferrari is here in new york with that. erica, good morning to you. >> good morning, terrell. for the first time ever, the fed said they woul
fed chairman ben bernanke says just the threat of the fiscal cliff is dragging down the economy. >> it's already affecting business investment and hiring decisions by creating uncertainty. >> that's unwelcome news for hundreds who lined up at a job fair in new york on wednesday. >> basically i'm looking for anything that pays american dollars. >> ben bernanke says 2013 will bring more jobs and better economic growth but only if congress strikes a deal. now, even if they...
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Dec 6, 2012
12/12
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something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we
something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best...
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, folks who are closely watching this fiscal cliff drama. paula? rob? >> drama, indeed. tahman bradley, live in washington. thanks, tahman. >>> and a top republican may be among president obama's choice for his reshuffled cabinet. former senator chuck hagel of nebraska is said to be on the short list for secretary of defense. the president is expected to announce his nominees in the next two weeks. >>> and looking frail and also in a wheelchair, former senator bob dole made a surprise appearance last night on capitol hill, just days after being released from the hospital. dole was pushing for passage of a u.n. treaty guaranteeing equal rights for the disabled. but his efforts were in vain. republicans blocked approval of the treaty, saying it threatens national sovereignty. >>> also, a political passing announced overnight. long-time texas congressman, jack brooks has died. you can see brooks in this very famous photograph of lbj being sworn in as president aboard air force one. he is standing just behind a grief-stricken jackie kennedy. bro
, folks who are closely watching this fiscal cliff drama. paula? rob? >> drama, indeed. tahman bradley, live in washington. thanks, tahman. >>> and a top republican may be among president obama's choice for his reshuffled cabinet. former senator chuck hagel of nebraska is said to be on the short list for secretary of defense. the president is expected to announce his nominees in the next two weeks. >>> and looking frail and also in a wheelchair, former senator bob dole...
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Nov 13, 2012
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cliff. when the automatic tax hikes and spending cuts will take place. unless the president and congress can reach a deal. as you can imagine, everyone wants president obama's ear on this issue. and today, the president's going to meet with labor leaders. cnn white house correspondent brianna keilar with a look at that. great to see you. a labor, of course, intent on making sure the president keeps his promise on those tax hikes for the wealthy. but what can we expect from this meeting today? we're talking about one hour with two dozen labor leaders. is there anything that can really be accomplished? >> reporter: i don't know anything really tangible is going to come out of this. this is a big kickoff for president obama, having meetings this week. today he's meeting with labor leaders, also liberal leaders. tomorrow, he's meeting with business leaders. obviously he needs to span the interest of these interests, i should say of these groups. as he tries to work out a deal with republicans an
cliff. when the automatic tax hikes and spending cuts will take place. unless the president and congress can reach a deal. as you can imagine, everyone wants president obama's ear on this issue. and today, the president's going to meet with labor leaders. cnn white house correspondent brianna keilar with a look at that. great to see you. a labor, of course, intent on making sure the president keeps his promise on those tax hikes for the wealthy. but what can we expect from this meeting today?...
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Dec 4, 2012
12/12
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cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that earn more than a quarter million dollars a year, pay a higher tax rate on the marginal amount, the amount above the $250,000 a year. so we're talking about taking that rate from 36% to 39.6% if we even go there. that hasn't even been negotiated yet but that's 3.6% on every dollar you earn above $250,000. there are not a lot of studies that suggest that that would have catastrophic effects on the economy. the other area that democrats want to raise taxes are on investment income, things like capital gains, dividend income. no
cliff will really have. tonight we tackle the much-discussed concept of increasing tax rates for the top 2%. chief business correspondent ali velshi joins me now. help us cut through the spin. the partisans all have a different take on this. if you raise taxes on the top 2%, what's the impact? what does it look like and how much of an impact would it have on the deficit? >> well, let's look at it in two ways. one is income tax, right? right now, the highest earners, those households that...
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Dec 10, 2012
12/12
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the fiscal cliff for companies, small businesses really december 14th. december 14th? what are you talking about? >> think about when you get paid. when does your paycheck come? they have to start changing payroll processes now for january 1st of next year. software, they've got they don't even know what your tax withholding rates are going to be. the american payroll association says to congress, a delay in legislation beyond december 14th doesn't give all businesses enough time to update and test their systems for early january paychecks. the two worst-case scenarios according to this group, a deal after january 1st, where you are applying retroactive rules, or delaying the decision a few months. they don't have the ability to go back, to go back and reconfigure everything for five months behind us. so it's a real mess. >> bad news. i want good news. and you were talking about a plunge. gas prices are down. a lot. >> a gas crash. gas prices down 46 cents over the past two months. a couple of things. slow growing economy. using less of it. and a lot of the bottlenecks
the fiscal cliff for companies, small businesses really december 14th. december 14th? what are you talking about? >> think about when you get paid. when does your paycheck come? they have to start changing payroll processes now for january 1st of next year. software, they've got they don't even know what your tax withholding rates are going to be. the american payroll association says to congress, a delay in legislation beyond december 14th doesn't give all businesses enough time to...
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Nov 13, 2012
11/12
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and there is plenty of unfinished business to tackle, including that so-called fiscal cliff. a budget deal must be reached to avoid automatic cuts on programs and tax hikes for most americans. as congress reconvenes on capitol hill, president obama will be at the white house for meetings aimed at pressuring lawmakers into a compromise. for more on the fiscal cliff and what it means for you, let's check in with business and tech reporter, scott mcgrew, live this morning with more. scott. >> reporter: well, good morning to you, laura. the president is going to have two major meetings today and tomorrow. the first day will be with labor, wednesday with ceos. now, companies and employees really have no say whether or not america goes over a cliff. that's entirely up to congress. but powerful people in the private sector can certainly add pressure to lawmakers. now, this labor part is critical. average americans do have the most to lose, as many benefits are required to be cut on the cliff. on the ceo side, northern california will be represented pie this man, john watson, the ceo
and there is plenty of unfinished business to tackle, including that so-called fiscal cliff. a budget deal must be reached to avoid automatic cuts on programs and tax hikes for most americans. as congress reconvenes on capitol hill, president obama will be at the white house for meetings aimed at pressuring lawmakers into a compromise. for more on the fiscal cliff and what it means for you, let's check in with business and tech reporter, scott mcgrew, live this morning with more. scott....
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Dec 13, 2012
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ashley: businesses bracing for the fiscal cliff and even more government regulation. chairman of oil and natural gas produce other energy xx 1, john shiller is here and how his company is bracing for the worse. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, we were saying, sitting here yesterday at this time, the market was up about 60 points. now, we are down. so much for the bernanke rally, huh? >> that's right. it was a little celebrate, good times around this time after we already heard from the fomc and quantitative easing and accommodative fed. we heard from ben bernanke and the truth is everybody realizes that we do have a tough economy and we'll see what happens. but i was just looking at major market averages. we're losing 61 points right now. however we're still up for the week. and then i began to look back to see how many weeks in a row. we're already up. this would be the fourth week in a row of gains. so it is sort of slow and steady and moving higher, slowly but surely like take t
ashley: businesses bracing for the fiscal cliff and even more government regulation. chairman of oil and natural gas produce other energy xx 1, john shiller is here and how his company is bracing for the worse. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, we were saying, sitting here yesterday at this time, the market was up about 60 points. now, we are down. so much for the bernanke rally, huh? >> that's right....
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Dec 6, 2012
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earlier the president told the business round table a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. in an interview on cnbc, timothy geithner says the gop is making a little bit of progress, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> i want to understand the administration's position when it comes to raising taxes on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. remember, it's only 2%. >> with both sides in washington publicly digging in their heels, how much will the fiscal cliff impact the credit markets? ben garber joins us for more. ben, good morning. clearly we're focused on the down side risk from the budget standoff and then there's beyond that. let's talk about the short term at the moment. what impact is tha
earlier the president told the business round table a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. in an interview on cnbc, timothy geithner says the gop is making a little bit of progress, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> i want to understand the administration's position when it comes to raising taxes on the wealthy, those making more...
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Nov 14, 2012
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so-called fiscal cliff. it is a series of expiring tax cuts and across-the-board spending cuts set to take effect january 1 if congress does not act. for more insight let's turn to tracie potts, live in washington, d.c. understand -- business leaders we talked about will be attending the meeting. do we know which ones? >> right. a number of them. ceos of ge, general electric, chevron, bay area company, about a dozen of them. these are groups ceos that the president has been trying to get together to back his plan that we expect. he will outline in that news conference in a few hours. part of the group called the campaign to fix the debt really trying to hone in on what we can do to preserve medicare in the process of reducing the debt in the deficit. >> democrats floating an unorthodox idea. we understand they actually might let the government go over the cliff, at least temporarily. why is that? >> yes. you know, i should emphasize here, some democrats. the white house very cool to this. you may imagine bot
so-called fiscal cliff. it is a series of expiring tax cuts and across-the-board spending cuts set to take effect january 1 if congress does not act. for more insight let's turn to tracie potts, live in washington, d.c. understand -- business leaders we talked about will be attending the meeting. do we know which ones? >> right. a number of them. ceos of ge, general electric, chevron, bay area company, about a dozen of them. these are groups ceos that the president has been trying to get...
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would help alleviate some of the potential damage that could be caused by the fiscal cliff and would enable us to move forward to address the many other issues that we have that confront us. it would be an excellent way to demonstrate to the american public that after an election where these issues were central to the debate, that washington can move forward and that we can compromise. >> given the -- everything that is going on with petraeus and weland allen is the president going to ask the national security team sort of, hey, guys i know you want to leave, but give me another month or two? >> i really don't have any announcements or hints to make about personnel matters. the president -- >> does he think he can make these changes in the midst of all this right now? >> you know, what changes you're talking about i think depends on which broadcasts and newspapers you follow, but i'm not going to engage in that kind of speculation. the president has -- knows that he has a very strong team in place, and will make personnel decisions when appropriate, and he'll announce them when he's
would help alleviate some of the potential damage that could be caused by the fiscal cliff and would enable us to move forward to address the many other issues that we have that confront us. it would be an excellent way to demonstrate to the american public that after an election where these issues were central to the debate, that washington can move forward and that we can compromise. >> given the -- everything that is going on with petraeus and weland allen is the president going to ask...
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have been unable to enter this building. >> a late-night meeting in the "fiscal cliff" face-off. >> i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> i was ambushed by two men. they pointed a gun at me. took my stuff and pistol- whipped me in the face. >> bart passengers get special police protection. >> i'm now going to speak out and i'm going to speak out big time. >> still wanted in central america, software pioneer john mcafee returns to the u.s. >> just as billed, the highest tides of the bay area hit the bay area. >> the king tides come in fast. >> it's been coming in incredibly fast. it looked like it was filling up a bathtub. >> from across the bay to around the world... the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald >>> good morning. it's friday, december 14. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it is 6:30 on a chilly day. and an east bay business is in ruins this morning after a fire s
have been unable to enter this building. >> a late-night meeting in the "fiscal cliff" face-off. >> i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> i was ambushed by two men. they pointed a gun at me. took my stuff and pistol- whipped me in the face. >> bart passengers get special police protection. >> i'm now going to speak out and i'm...
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cliff. >> president obama plans to meet with labor leaders and business leaders tomorrow if republicans and democrats in congress don't reach a budget agreement by year's end, a series of tax increases and across the board spending cuts will kick in. the president will meet friday with house and senate leaders and here to discuss where the debate stands now and more importantly how it affects your wall, jill joins us from cbsmoneywatch.com. >> and last week. john boehner outlined different positions is there room for a deal. >> i think there may be because john boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions include mortgage interest or charitable contributions, property taxes a
cliff. >> president obama plans to meet with labor leaders and business leaders tomorrow if republicans and democrats in congress don't reach a budget agreement by year's end, a series of tax increases and across the board spending cuts will kick in. the president will meet friday with house and senate leaders and here to discuss where the debate stands now and more importantly how it affects your wall, jill joins us from cbsmoneywatch.com. >> and last week. john boehner outlined...
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Nov 30, 2012
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. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road for detroit. one state senator's plan to dissolve the city. he is your guest. happy friday, everybody. mandy will be back on monday. i'm brian sullivan. thank you very much for joining us. >>> stocks relatively in a holding pattern again all ahead of the fiscal cliff. we're not seeing big moves. people unwilling to take bets. we're going to get to bob pisani in just a minute. >>> but first we need to get to eamon javers with some breaking headlines from mitch mcconnell on the fiscal cliff. eamon? >> brian, we're getting a trial balloon here just within the past couple of m
. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road...
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cliff and he points to a recent drop in consumer and business confidence and says he hopes that congress will do the right thing and not kick the can down the road. >>> so that brings us to our fourth story, outfront. deal, no deal? deal, no deal? it is not a howie mandell story. it has everything to do about the fiscal cliff. and it's happening behind closed doors. and what is said in public does not seem to clear anything up. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> so what's really going on behind the scenes? earlier i spoke with republican senator jeff sessions, who's been asking the same question, and i asked him how much he, as the ranking member of the senate budget committee, actually knows about what's going on. >> very little. almost nothing, frankly. i mean, i learned from sources that the speaker was disappointed and things were not moving forward as well as he seemed to have indicated right there in those public remarks. but otherwise, really, we don't know
cliff and he points to a recent drop in consumer and business confidence and says he hopes that congress will do the right thing and not kick the can down the road. >>> so that brings us to our fourth story, outfront. deal, no deal? deal, no deal? it is not a howie mandell story. it has everything to do about the fiscal cliff. and it's happening behind closed doors. and what is said in public does not seem to clear anything up. >> the longer the white house slow walks this...
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have actually been unable to enter this building. >> a late-night meeting in the "fiscal cliff" face-off. >> i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> i was ambushed by two men. they pointed a gun at me, took my stuff and pistol-whipped me in the face. >> bart passengers get special police protection. >> i'm now going to speak out and i'm going to speak out big time. >> still wanted in central america, software pioneer john mcafee returns to the u.s. >> just as billed, the highest tied of the area highest tides of the year hit the bay area. >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >>> good morning. it's friday, december 14. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. a business is in total ruins and firefighters can't get inside to look for a cause. a viewer sent us these photos of some of the flames shooting through the roof at the c & h enterprises in fremont. it destroyed the building on boggs
have actually been unable to enter this building. >> a late-night meeting in the "fiscal cliff" face-off. >> i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> i was ambushed by two men. they pointed a gun at me, took my stuff and pistol-whipped me in the face. >> bart passengers get special police protection. >> i'm now going to speak out and...
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Dec 27, 2012
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worried about the impending fiscal cliff have other issues to consider. the weekly jobless rate is in and it's at its lowest level in four and a half years. economic reports on housing markets, consumer confidence and manufacturing also due out this morning. >>> some advice for air travelers, check your flight status before you leave home today. winter storm now pounding the northeast has forced the cancellation of more than 360 flights today, that's in addition to the more than 1,700 cancellations yesterday. >>> unbelievable video out of shanghai, china, where a 33-ton aquarium full of sharks exploded, sending sharks flying everywhere and terrified shoppers running for their lives. 16 people suffered cuts and bruises. no one was seriously hurt. three lemon sharks were killed in the incident, though. >>> just five days left until the united states crosses over the so-called fiscal cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we'r
worried about the impending fiscal cliff have other issues to consider. the weekly jobless rate is in and it's at its lowest level in four and a half years. economic reports on housing markets, consumer confidence and manufacturing also due out this morning. >>> some advice for air travelers, check your flight status before you leave home today. winter storm now pounding the northeast has forced the cancellation of more than 360 flights today, that's in addition to the more than 1,700...
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Dec 5, 2012
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the optics of republicans leaving today, wednesday, with two days left in the week with the fiscal cliff not too far away certainly may be questionable. what they insist is that their members are going to go back home and talk to their businesses and small business leaders to maybe play the outside in-game that the president has been playing by trying to rally support for his side of this issue. >> dana bash, reporting live from capitol hill. >>> also, right now, brefing congress about exactly what happened in benghazi. every single members of the house of representatives, all 400 plus of them were invited. so elise, this is a multimedia presentation. so is it a power point on benghazi? >> reporter: well, carol, the members are just starting to arrive right now. they will be meeting in this room right here, this auditorium. minority leader nancy pelosi just arrived. basically, it's going to be very similar to the briefing that some of the members of the intelligence committees, armed services committee, the leadership, those classified briefings already took place with a very specific le
the optics of republicans leaving today, wednesday, with two days left in the week with the fiscal cliff not too far away certainly may be questionable. what they insist is that their members are going to go back home and talk to their businesses and small business leaders to maybe play the outside in-game that the president has been playing by trying to rally support for his side of this issue. >> dana bash, reporting live from capitol hill. >>> also, right now, brefing congress...
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on monday he didn't have any meetings about the fiscal cliff. on tuesday he was talking to the governors of six states. today, wednesday, he'll be addressing the business roundtable. there are some folks who have said why is he having all these meetings and not just sitting down with john boehner. the two need to get in a room and work this out. why not that? >> well, there are plenty of conversations going on, but soledad, we've been in this place before. unless republicans are willing to come to the table wait real proposal, not what they came to the table with this week, then those discussions aren't going to bear a lot of fruit. >> so let me stop you there -- >> the american people are watching this debate. >> and we are. all of us are watching this debate. what do you mean by real proposal? we know the republicans said that they laughed the president's version 1.0 out of the room, they came forward with the proposal. what's not real about their proposal? >> the president's 1.0 proposal was actually what we discussed for more than a year and
on monday he didn't have any meetings about the fiscal cliff. on tuesday he was talking to the governors of six states. today, wednesday, he'll be addressing the business roundtable. there are some folks who have said why is he having all these meetings and not just sitting down with john boehner. the two need to get in a room and work this out. why not that? >> well, there are plenty of conversations going on, but soledad, we've been in this place before. unless republicans are willing...
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and then, he'll talk with congress, talking about the fiscal cliff. i'm going to say this is deja vu all over again and reminds me how he started off in the first term. joining me now is mary anne marsh, always a pleasure, welcome back. >> hello, stuart. >> he's starting out the same way that he started back in the first term. that would be raise taxes, spend a lot of money, and the debt is run up. now, i know you're laughing, but look, investors are looking at this and they're saying, wait a second. this is not going to give us real growth. and this president is trying to punish the rich, punish success, and they don't like it. why are you so much in favor of it? >> i think he's trying to fix the problems and i think the blueprint is what clinton did when he was president in the second term and created 23 million jobs, slashed the deficit and created the largest surplus in history. it's the same blueprint. and that's what's going to happen now because that's what president obama was reelected, why democrats picked up seats in the house and why so man
and then, he'll talk with congress, talking about the fiscal cliff. i'm going to say this is deja vu all over again and reminds me how he started off in the first term. joining me now is mary anne marsh, always a pleasure, welcome back. >> hello, stuart. >> he's starting out the same way that he started back in the first term. that would be raise taxes, spend a lot of money, and the debt is run up. now, i know you're laughing, but look, investors are looking at this and they're...
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and then went out of business. >>> here is what is passing for progress to avoid the fiscal cliff at year's end. president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of kill to the offices of both of their state's u.s. senators. security guard met them, at chambliss' office. a few were let inside without the camera and media present. of course. that would have been the real story. >> folks are upset now. see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. 2013. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." aimed at
and then went out of business. >>> here is what is passing for progress to avoid the fiscal cliff at year's end. president obama and house speaker john boehner spoke about it on the phone with one another. that discussion came as treasury secretary tim geithner confirmed mr. obama is prepared to take the economy over the cliff unless republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday...
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deal to avoid the fiscal cliff. taxpayers are fed up with the delay. >> reporter: while democrats and republicans on capitol hill are digging in their heels, taxpayers say its time to compromise. take a look at this nbc wall street poll. 68% of democrats and 66% of republicans say its time to meet in the middle when it comes to spending cuts and taxing the wealthy and more than half of independent voters feel the same way. also federal reserve chairman demands a deal. he said the longer the president and congress take the less employers will hire in the coming weeks. nancy pelosi is talking to the media regarding the fiscal cliff. we will see if the democrats tone has changed when i see you next. live in washington. ktvu news channel 26789. >> the google chairman said he is proud of the company's tax structure despite criticism from european governments. he said they pay a lot of taxes. he added that taking steps that are legal to cut the amount paid is just good business. they paid two billion dollars in taxes worl
deal to avoid the fiscal cliff. taxpayers are fed up with the delay. >> reporter: while democrats and republicans on capitol hill are digging in their heels, taxpayers say its time to compromise. take a look at this nbc wall street poll. 68% of democrats and 66% of republicans say its time to meet in the middle when it comes to spending cuts and taxing the wealthy and more than half of independent voters feel the same way. also federal reserve chairman demands a deal. he said the longer...
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and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see that businesses are putting off investing and hiring until congress and the president finish their wrangling. i think the reason is pretty clear. uncertainty over taxes and the impact of scheduled government cuts on the economy is really making it hard for companies to plan. so instead, they are keeping their spending in a wait-and- see mode and again, that's going to persist until we get resolution. for more on the jobs report preview, go to moneywatch.com where we warn that things could get ugly in the labor market before they turn around. >> okay. jill schlesinger, editor at large for cbsmoneywatch.com, thank you. >>> i'm going to have to separate my coanchor and our weather guy because we have a quasi denver bronco fan here, she grew up there. we'll let her have that. quasi. and a huge raider fan. >> and they play tonight. huge r
and we have this thing that "fiscal cliff," that so-called "fiscal cliff" "fiscal cliff" that we're sick of. how is that going to impact the whole job situation? >> reporter: you know, for a while it looks like it wasn't going to but in recent surveys we see that businesses are putting off investing and hiring until congress and the president finish their wrangling. i think the reason is pretty clear. uncertainty over taxes and the impact of scheduled...
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the spending cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are going to insist on some cuts anyway, so bottom line is we are going to see a weaker economy into the beginning of next year. probably one way or the other. now, the counter to that, peter, is that there are forces in the economy that are strengthening it. this energy boom that we've got, the natural gas, the amount of fracturing that we're doing, the fact that housing has been doing tremendously well, and interest rates remain very low with prices, so there's some sense that there's a bit of a renaissance on the horizon, and if the government doesn't mess that up too much, 2013 could end up being as good as 2012 if not a little better. i don't know if you completely disagree with that, peter, but i think there's enough good going on that it could offset the bad. >> to you think it could go up to 10% unemployment. do you agree with peter on that? >> i don't know. i don't know if it will go go up
the spending cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are going to insist on some cuts anyway, so bottom line is we are going to see a weaker economy into the beginning of next year. probably one way or the other. now, the counter to that, peter, is that there are forces in the economy that are strengthening it. this energy boom that we've got, the natural gas, the amount of...
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fiscal cliff or november's job numbers could be an anomaly and data thrown out the window in next month he a report. we have to see. >>> speaking of workers, ibm, a company at the forefront of employee benefits is overhauling the retirement benefits program, like many companies out there, they match employee 401(k) contributions 6 to 8% of pay every pay period. now the company says it is switching the matches it makes to once a year, so the amount employees get from ibm isn't changing but the workers that leave before december 15 matching date won't get their payment for the year. look out for companies to follow that move with similar ones of their own in attempt to save on employee benefits. be careful when you decide to leave the company you work for. bad timing could cost you. for more detailed coverage, tune into "your money" saturday at 1:00 p.m. eastern. paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to he
fiscal cliff or november's job numbers could be an anomaly and data thrown out the window in next month he a report. we have to see. >>> speaking of workers, ibm, a company at the forefront of employee benefits is overhauling the retirement benefits program, like many companies out there, they match employee 401(k) contributions 6 to 8% of pay every pay period. now the company says it is switching the matches it makes to once a year, so the amount employees get from ibm isn't changing...
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here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap. >> house speaker john bainers says his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk but no action. yeah. a lot of talk but no action, or as they call that in college a date. >> good morning, everyone. i'm randi kaye. victor is off today. it's 9:00 on the east coast. 6:00 a.m. out west. thanks so much for starting your day with us. we start this morning with the supreme court and the decision to hear two major cases on same-sex marriage. justices will hear arguments against the federal government's defense of marriage act and california's proposition eight. prop 8 banned same-sex marriage
here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap....
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on that fiscal cliff. joining me now to talk more about this, cnn contributor and democratic strategist maria cardona and jason johnson. good morning to you both. >> good morning. >> good morning, carol. >> i know we have to talk about the fiscal cliff, but i'm dying to ask you about this scandal because it's all anyone's talking about. jason, can you -- it's a mess. >> i love the real housewives of the pentagon. that's what we're looking at right now. it's ridiculous, and the interesting thing is, no one has actually broken a law, but what i think it is, it's a reflection of the fact that we still have a culture in the military where people can behave in this way. where you can have these sort of mistresses and people have these backdoor relationships, et cetera, et cetera. i think the whole thing is more of a reflection problems in military culture than huge problem in national security. >> the women involved in these scandals, it astounds me, they're accomplished women, they're educated, they're not 20,
on that fiscal cliff. joining me now to talk more about this, cnn contributor and democratic strategist maria cardona and jason johnson. good morning to you both. >> good morning. >> good morning, carol. >> i know we have to talk about the fiscal cliff, but i'm dying to ask you about this scandal because it's all anyone's talking about. jason, can you -- it's a mess. >> i love the real housewives of the pentagon. that's what we're looking at right now. it's ridiculous,...